Direct tax collections rise 14.6% to Rs 5.21 lakh crore so far in FY27; advance tax growth at 15.3%
India’s net direct tax collections grew 14.64 per cent year-on-year to Rs 5.21 lakh crore as of June 17 in […]
GST inspector in Maharashtra held in Rs 10,000 graft case
The Anti-Corruption Bureau (ACB), on Thursday, arrested a state tax inspector of the Goods and Services Tax (GST) Department for
Recovery proceedings cannot be initiated when statutory appeal remedy is available and time to file appeal has not expired
The Hon’ble Bombay High Court in the case of Matrix Cellular (International) Services Pvt. Ltd. v. Deputy Commissioner of State
Any restrictive amendment for filling refund claim to be applied prospectively and cannot curtail vested rights
The Hon’ble Delhi High Court in the case of Kanika Exports v. Union of India & Ors. along with M/s
Supreme Court rejects plea challenging Income Tax break to STs in North East
The Supreme Court refused to entertain a petition challenging the income tax exemption given to Scheduled Tribes residing in specified north-eastern states and certain other notifiable
RBI not in favour of offshore settlement for govt bonds despite tax changes
India’s central bank is not looking to enable direct settlement of government securities via offshore settlement platforms like Euroclear —
Committee headed by NITI Aayog member Rajiv Gauba proposes business Digi Locker linking Income Tax, MCA records for better tax recovery
The High-Level Committee on regulatory reforms has proposed deeper integration between the Income Tax Department and the Ministry of Corporate
Govt weighs extending zero-duty import on 40 products beyond June 30, 2026
The government is likely to take a call on extending import duty exemption on about 40 products beyond June 30,
Income tax scrutiny rules explained: Why June 30 is an important date for ITRs
The Central Board of Direct Taxes (CBDT) has clarified the framework for compulsory scrutiny of income tax returns filed during
Gold imports fall 75% to 25-30 MT a month after duty hike; banks no longer designated importers, says senior FinMin official
India’s gold imports have declined sharply to about 25-30 metric tonnes per month from 75-100 metric tonnes earlier following the
